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Use the amortization To pay off the balance of $700 With a monthly payment of $50 if the interest-rate is 18%. How much will be
Use the amortization To pay off the balance of $700 With a monthly payment of $50 if the interest-rate is 18%.
How much will be owed on month 16?
How many months would it take to pay off the day if the person paid $100 instead of $50?
How much would he have had to pay in the last month of the loan?
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